What Is Ethereum Staking, How Does It Work? Pros and Cons of Ethereum Staking

September 2022 marked the arrival of the Ethereum merge, the long-awaited upgrade of the Ethereum (ETH) network from proof-of-work to a proof-of-stake consensus mechanism. Ethereum has run on a Proof-of-Work model similar to Bitcoin since its inception, which uses vast amounts of electricity to mine crypto. The previous consensus mechanism was a hurdle in letting The post What Is Ethereum Staking, How Does It Work? Pros and Cons of Ethereum Staking appeared first on CoinGape .